KKR REAL ESTATE FINANCE TRUS (KREF) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:KREF • US48251K1007
7.88 USD
-0.3 (-3.67%)
At close: Feb 4, 2026
7.88 USD
0 (0%)
After Hours: 2/4/2026, 8:04:00 PM
Taking everything into account, KREF scores 4 out of 10 in our fundamental rating. KREF was compared to 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. The financial health of KREF is average, but there are quite some concerns on its profitability. KREF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KREF was profitable.
- KREF had a positive operating cash flow in the past year.
- In multiple years KREF reported negative net income over the last 5 years.
- Of the past 5 years KREF 4 years had a positive operating cash flow.
1.2 Ratios
- KREF has a Return On Assets of -0.36%. This is in the lower half of the industry: KREF underperforms 70.00% of its industry peers.
- KREF has a worse Return On Equity (-1.90%) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.36% | ||
| ROE | -1.9% | ||
| ROIC | N/A |
ROA(3y)-0.1%
ROA(5y)0.53%
ROE(3y)-0.63%
ROE(5y)2.49%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- KREF's Profit Margin has declined in the last couple of years.
- In the last couple of years the Operating Margin of KREF has declined.
- KREF has a Gross Margin (29.76%) which is in line with its industry peers.
- KREF's Gross Margin has declined in the last couple of years.
- The Profit Margin and Operating Margin are not available for KREF so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 29.76% |
OM growth 3Y-50.23%
OM growth 5Y-29.01%
PM growth 3Y-62.88%
PM growth 5Y-41.56%
GM growth 3Y-20.56%
GM growth 5Y-6.79%
2. Health
2.1 Basic Checks
- KREF does not have a ROIC to compare to the WACC, probably because it is not profitable.
- There is no outstanding debt for KREF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- Based on the Altman-Z score of 0.03, we must say that KREF is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of KREF (0.03) is better than 65.71% of its industry peers.
- KREF has a debt to FCF ratio of 77.18. This is a negative value and a sign of low solvency as KREF would need 77.18 years to pay back of all of its debts.
- KREF has a better Debt to FCF ratio (77.18) than 70.00% of its industry peers.
- KREF has a Debt/Equity ratio of 3.71. This is a high value indicating a heavy dependency on external financing.
- KREF has a better Debt to Equity ratio (3.71) than 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.71 | ||
| Debt/FCF | 77.18 | ||
| Altman-Z | 0.03 |
ROIC/WACCN/A
WACC6.62%
2.3 Liquidity
- A Current Ratio of 1.00 indicates that KREF should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.00, KREF is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
- KREF has a Quick Ratio of 1.00. This is a normal value and indicates that KREF is financially healthy and should not expect problems in meeting its short term obligations.
- KREF has a Quick ratio of 1.00. This is in the better half of the industry: KREF outperforms 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
- KREF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 139.22%, which is quite impressive.
- KREF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.15% yearly.
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-26.6%
3.2 Future
- Based on estimates for the next years, KREF will show a very strong growth in Earnings Per Share. The EPS will grow by 63.63% on average per year.
- Based on estimates for the next years, KREF will show a small growth in Revenue. The Revenue will grow by 0.72% on average per year.
EPS Next Y67.45%
EPS Next 2Y63.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-7.38%
Revenue Next 2Y0.72%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 19.70, the valuation of KREF can be described as rather expensive.
- KREF's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of KREF to the average of the S&P500 Index (28.25), we can say KREF is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 11.76, the valuation of KREF can be described as reasonable.
- The rest of the industry has a similar Price/Forward Earnings ratio as KREF.
- KREF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.7 | ||
| Fwd PE | 11.76 |
4.2 Price Multiples
- KREF's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KREF is cheaper than 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.55 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- KREF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- KREF's earnings are expected to grow with 63.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y63.63%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 12.22%, KREF is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 11.85, KREF has a dividend in line with its industry peers.
- KREF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.22% |
5.2 History
- The dividend of KREF decreases each year by -2.88%.
- KREF has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-2.88%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- The earnings of KREF are negative and hence is the payout ratio. KREF will probably not be able to sustain this dividend level.
DP-382.49%
EPS Next 2Y63.63%
EPS Next 3YN/A
7.88
-0.3 (-3.67%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-03 2026-02-03/amc
Earnings (Next)04-21 2026-04-21
Inst Owners62.47%
Inst Owner Change-0.45%
Ins Owners2.27%
Ins Owner Change5.86%
Market Cap516.06M
Revenue(TTM)N/A
Net Income(TTM)-23.32M
Analysts78.33
Price Target10.35 (31.35%)
Short Float %8.82%
Short Ratio5.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.22% |
Yearly Dividend1.49
Dividend Growth(5Y)-2.88%
DP-382.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-39.84%
Min EPS beat(2)-129.41%
Max EPS beat(2)49.72%
EPS beat(4)2
Avg EPS beat(4)-67.34%
Min EPS beat(4)-233.84%
Max EPS beat(4)49.72%
EPS beat(8)5
Avg EPS beat(8)-83.61%
EPS beat(12)7
Avg EPS beat(12)-53.27%
EPS beat(16)10
Avg EPS beat(16)-47.98%
Revenue beat(2)0
Avg Revenue beat(2)-12.99%
Min Revenue beat(2)-18.35%
Max Revenue beat(2)-7.64%
Revenue beat(4)0
Avg Revenue beat(4)-10.1%
Min Revenue beat(4)-18.35%
Max Revenue beat(4)-1.64%
Revenue beat(8)1
Avg Revenue beat(8)-6.32%
Revenue beat(12)4
Avg Revenue beat(12)30.17%
Revenue beat(16)8
Avg Revenue beat(16)51.85%
PT rev (1m)-0.98%
PT rev (3m)-0.98%
EPS NQ rev (1m)2.81%
EPS NQ rev (3m)-4.62%
EPS NY rev (1m)-7.92%
EPS NY rev (3m)-27.54%
Revenue NQ rev (1m)1.92%
Revenue NQ rev (3m)-3.03%
Revenue NY rev (1m)-1.29%
Revenue NY rev (3m)-6.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.7 | ||
| Fwd PE | 11.76 | ||
| P/S | 1.08 | ||
| P/FCF | 8.55 | ||
| P/OCF | 6.99 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.4
EY5.08%
EPS(NY)0.67
Fwd EY8.5%
FCF(TTM)0.92
FCFY11.69%
OCF(TTM)1.13
OCFY14.31%
SpS7.3
BVpS18.78
TBVpS18.78
PEG (NY)0.29
PEG (5Y)N/A
Graham Number13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.36% | ||
| ROE | -1.9% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 29.76% | ||
| FCFM | 12.62% |
ROA(3y)-0.1%
ROA(5y)0.53%
ROE(3y)-0.63%
ROE(5y)2.49%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-50.23%
OM growth 5Y-29.01%
PM growth 3Y-62.88%
PM growth 5Y-41.56%
GM growth 3Y-20.56%
GM growth 5Y-6.79%
F-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.71 | ||
| Debt/FCF | 77.18 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 613.15% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.03 |
F-Score4
WACC6.62%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
EPS Next Y67.45%
EPS Next 2Y63.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-26.6%
Revenue Next Year-7.38%
Revenue Next 2Y0.72%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-291.7%
EBIT growth 3Y-36.94%
EBIT growth 5Y-17.51%
EBIT Next Year-32.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-61.32%
FCF growth 3Y1.66%
FCF growth 5Y7.41%
OCF growth 1Y-52.65%
OCF growth 3Y2.03%
OCF growth 5Y7.65%
KKR REAL ESTATE FINANCE TRUS / KREF FAQ
Can you provide the ChartMill fundamental rating for KKR REAL ESTATE FINANCE TRUS?
ChartMill assigns a fundamental rating of 4 / 10 to KREF.
What is the valuation status for KREF stock?
ChartMill assigns a valuation rating of 5 / 10 to KKR REAL ESTATE FINANCE TRUS (KREF). This can be considered as Fairly Valued.
How profitable is KKR REAL ESTATE FINANCE TRUS (KREF) stock?
KKR REAL ESTATE FINANCE TRUS (KREF) has a profitability rating of 2 / 10.
What is the valuation of KKR REAL ESTATE FINANCE TRUS based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KKR REAL ESTATE FINANCE TRUS (KREF) is 19.7 and the Price/Book (PB) ratio is 0.42.
How financially healthy is KKR REAL ESTATE FINANCE TRUS?
The financial health rating of KKR REAL ESTATE FINANCE TRUS (KREF) is 4 / 10.